Ipsen Advisor Group LLC Acquires New Shares in The Procter & Gamble Company (NYSE:PG)

Ipsen Advisor Group LLC bought a new stake in The Procter & Gamble Company (NYSE:PG) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,227 shares of the company’s stock, valued at approximately $206,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in PG. Summitry LLC lifted its position in shares of Procter & Gamble by 9.5% in the fourth quarter. Summitry LLC now owns 37,343 shares of the company’s stock worth $6,260,000 after buying an additional 3,230 shares in the last quarter. Murphy & Mullick Capital Management Corp bought a new position in Procter & Gamble during the 4th quarter worth about $314,000. Mitsubishi UFJ Trust & Banking Corp boosted its position in Procter & Gamble by 3.6% during the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 1,510,019 shares of the company’s stock valued at $253,155,000 after acquiring an additional 53,170 shares in the last quarter. Florida Financial Advisors LLC grew its stake in Procter & Gamble by 38.3% in the fourth quarter. Florida Financial Advisors LLC now owns 2,890 shares of the company’s stock valued at $484,000 after purchasing an additional 801 shares during the last quarter. Finally, Meiji Yasuda Asset Management Co Ltd. raised its stake in shares of Procter & Gamble by 1.6% during the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 188,435 shares of the company’s stock worth $31,591,000 after acquiring an additional 2,954 shares in the last quarter. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Procter & Gamble Stock Down 1.7 %

Shares of NYSE:PG opened at $162.90 on Wednesday. The Procter & Gamble Company has a 1-year low of $153.52 and a 1-year high of $180.43. The stock has a market capitalization of $381.98 billion, a price-to-earnings ratio of 25.94, a price-to-earnings-growth ratio of 3.76 and a beta of 0.41. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.55 and a current ratio of 0.76. The company’s fifty day moving average is $168.17 and its two-hundred day moving average is $169.49.

Procter & Gamble (NYSE:PG) last announced its earnings results on Wednesday, January 22nd. The company reported $1.88 EPS for the quarter, topping the consensus estimate of $1.86 by $0.02. The firm had revenue of $21.88 billion for the quarter, compared to analysts’ expectations of $21.66 billion. Procter & Gamble had a return on equity of 33.00% and a net margin of 18.35%. The firm’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.84 earnings per share. Equities analysts anticipate that The Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Friday, January 24th were given a dividend of $1.0065 per share. This represents a $4.03 annualized dividend and a yield of 2.47%. The ex-dividend date of this dividend was Friday, January 24th. Procter & Gamble’s payout ratio is presently 64.01%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Erste Group Bank upgraded shares of Procter & Gamble from a “hold” rating to a “strong-buy” rating in a research note on Monday, March 17th. Stifel Nicolaus raised their price objective on shares of Procter & Gamble from $161.00 to $165.00 and gave the stock a “hold” rating in a research note on Thursday, January 23rd. Barclays upped their price target on Procter & Gamble from $155.00 to $159.00 and gave the stock an “equal weight” rating in a report on Thursday, January 23rd. Piper Sandler dropped their target price on shares of Procter & Gamble from $173.00 to $172.00 and set a “neutral” rating on the stock in a research report on Monday, February 24th. Finally, Wells Fargo & Company boosted their price target on Procter & Gamble from $176.00 to $180.00 and gave the stock an “overweight” rating in a research report on Thursday, January 23rd. Seven analysts have rated the stock with a hold rating, twelve have given a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat.com, Procter & Gamble presently has a consensus rating of “Moderate Buy” and an average price target of $181.47.

Insider Activity

In related news, insider Marc S. Pritchard sold 90,450 shares of the company’s stock in a transaction dated Thursday, January 23rd. The shares were sold at an average price of $163.84, for a total value of $14,819,328.00. Following the sale, the insider now owns 172,814 shares of the company’s stock, valued at $28,313,845.76. The trade was a 34.36 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Gary A. Coombe sold 35,000 shares of Procter & Gamble stock in a transaction on Friday, February 28th. The shares were sold at an average price of $173.68, for a total value of $6,078,800.00. Following the transaction, the chief executive officer now directly owns 22,051 shares of the company’s stock, valued at approximately $3,829,817.68. The trade was a 61.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 143,450 shares of company stock worth $23,988,008. 0.18% of the stock is owned by corporate insiders.

About Procter & Gamble

Procter & Gamble Co engages in the provision of branded consumer packaged goods. It operates through the following segments: Beauty, Grooming, Health Care, Fabric and Home Care, and Baby, Feminine and Family Care. The Beauty segment offers hair, skin, and personal care. The Grooming segment consists of shave care like female and male blades and razors, pre and post shave products, and appliances.